Global Hemodialysis Powder Solution Market
Global Hemodialysis Powder Solution Market
Global Hemodialysis Powder Solution Market By Type (A liquid B liquid, A liquid B powder and A powder B powder): By Application (Hospital, Laboratory and Others) Global Analysis by Market size, share & trends for 2020-2021 and forecasts to 2026
Product overview
Hemodialysis powder solutions are concentrates or dialysates, mainly used to remove waste materials from the blood and retain useful components from leaving the blood. It is also used to correct acid-base and electrolyte imbalance during chronic renal failure. In hemodialysis, blood is removed from the body and filtered through a man-made membrane called a dialyzer, or artificial kidney, and then the filtered blood is returned to the body.
Market Highlights
Global Hemodialysis Powder Solution Market is predicted to project a notable CAGR of 4.67% in 2026
Industrial gearbox Market to surpass USD 5,808.8 Million by 2026 from USD 4,027.2 Million in 2016 at a CAGR of 4.67% within the coming years. The growth of this market is attributed to the growing need for efficient energy gearboxes and clean energy sources is propelling the growth of the Global Hemodialysis Powder Solution market forward. Furthermore, the growing automation of manufacturing technologies and adoption of these factory 4.0 and factory automation has further propelled the growth of the Global Hemodialysis Powder Solution market.
Global Hemodialysis Powder Solution Market: Segments
Hospital segment to grow with the highest CAGR during 2021-2026
Global hemodialysis powder solution market is bifurcated by application into hospital, laboratory, and others. The hospital segment held the largest market share of 43.0% in the year 2020 attributed to large procurement of powdered at the hospitals for hemodialysis. As per the Fatpos Global Analysis, the other segment is the most dominant segment as the demand for remote and home care hemodialysis is increasing, thus it is expected to rise at a CAGR of 6.01% during the forecast period.
A powder B Powder segment to grow with the highest CAGR during 2021-2026
Global hemodialysis powder solution market is bifurcated by type into A liquid B liquid, A liquid B powder, A powder B powder. The A powder B Powder i.e., Part A+B is considered as the most suitable concentrates for carrying out hemodialysis and held the largest market share of 42.0% in the year 2020. As per the Fatpos Global Analysis, it is the most dominant segment and thus, is expected to rise at a CAGR of 3.51%during the forecast period.
Industrial gearbox Market: Market Dynamics
Drivers
Rising prevalence of chronic kidney disease (CKD) and renal disorders
The growing worldwide incidence of kidney and renal disorders is, therefore, expected to increase the demand for hemodialysis powder solution market. Globally, the overall prevalence of CKD in the general population is around 15%, and around 2 million people are affected by ESRD each year in the world (Source: National Institute of Diabetes, Digestive and Kidney Diseases (NIDDK), and USRDS Annual Data Report, 2018). Alone in the U.S. kidney disease affects around 37 million population each year. The progression of renal and kidney diseases worldwide is anticipated to boost the demand for dialysis to maintain proper kidney functioning. With the rapid growth in the geriatric population globally, the prevalence of kidney-related diseases is expected to increase significantly. This, in turn, is expected to propel the growth of the hemodialysis powder solution market at a significant rate during the forecast period.
Industrial gearbox Market: Key Players
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